Hewlett Packard Enterprise (HPE) Q3 Earnings Report Preview: What To Look For
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Hewlett Packard Enterprise (HPE) Q3 Earnings Report Preview: What To Look For
Radek Strnad
Tue, December 2, 2025 at 7:01 PM PST 2 min read
[HPE
+2.88%](/quote/HPE/ "HPE")
Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) will be reporting results this Thursday after market hours. Here’s what you need to know.
Hewlett Packard Enterprise beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $9.14 billion, up 18.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ ARR estimates and a solid beat of analysts’ revenue estimates.
Is Hewlett Packard Enterprise a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Hewlett Packard Enterprise’s revenue to grow 16.8% year on year to $9.88 billion, improving from the 15.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.
Hewlett Packard Enterprise Total Revenue
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hewlett Packard Enterprise has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Hewlett Packard Enterprise’s peers in the hardware & infrastructure segment, some have already reported their Q3 results, giving us a hint as to what we can expect. IonQ delivered year-on-year revenue growth of 222%, beating analysts’ expectations by 47.8%, and Dell reported revenues up 10.8%, in line with consensus estimates. IonQ traded up 165% following the results while Dell was also up 5.5%.
Read our full analysis of IonQ’s results here and Dell’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Hewlett Packard Enterprise is down 10.3% during the same time and is heading into earnings with an average analyst price target of $26.50 (compared to the current share price of $21.98).
Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
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